Navient Corporation401(k)
NAVIENT 401(K) SAVINGS PLAN · WILMINGTON, DE · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Navient Corporation reported $162,070 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,366 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.024% to 0.022%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other finance & insurance employers. By assets it is the 11th-largest of 242 plans among Delaware employers on file, and the 232nd of 4,798 in finance & insurance. In 2023, employees put in $1.80 for every $1.00 the employer contributed; active participation has shrunk from 4,106 to 3,630 since 2022.
Navient Corporation's 2023 employer contribution ran below the $4,362 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 464054283 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.